The median house price in Caulfield is approximately $1.72M in 2026. The median unit price is $645,000. Caulfield sits in Melbourne’s inner-southeast corridor where Monash University drives consistent tenant demand and infrastructure investment continues to underpin values.
Caulfield Median Price History
| Year | Median House Price | Median Unit Price | Annual Change (Houses) |
|---|---|---|---|
| 2021 | $1.45M | $560,000 | +8.2% |
| 2022 | $1.52M | $580,000 | +4.8% |
| 2023 | $1.58M | $598,000 | +3.9% |
| 2024 | $1.65M | $622,000 | +4.4% |
| 2025 | $1.72M | $645,000 | +4.2% |
Caulfield vs Nearby Suburbs — Price Comparison
| Suburb | Median House | Median Unit | Gross Unit Yield |
|---|---|---|---|
| Caulfield | $1.72M | $645,000 | 4.1% |
| Carnegie | $1.38M | $595,000 | 4.4% |
| Glen Huntly | $1.31M | $570,000 | 4.5% |
| Caulfield North | $2.15M | $720,000 | 3.9% |
| Murrumbeena | $1.42M | $610,000 | 4.3% |
What Drives Caulfield Property Prices?
Four factors drive Caulfield’s median house price. First, Monash University’s Caulfield campus with 20,000+ enrolments sustains rental demand. Second, the McKinnon Secondary College school zone adds $150,000 to $250,000 to properties within the catchment. Third, the level crossing removal along the Frankston Line has improved amenity and access. Fourth, proximity to the Chadstone Shopping Centre precinct makes Caulfield a perennial lifestyle favourite.
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Frequently Asked Questions
What is the median house price in Caulfield in 2026?
The median house price in Caulfield is approximately $1.72M in 2026.
What is the median unit price in Caulfield?
The median unit price in Caulfield is approximately $645,000 in 2026.
Has the Caulfield median price increased?
Yes. Caulfield house prices have grown approximately 18.6% over the past 5 years, from $1.45M in 2021 to $1.72M in 2026.
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